# Northern Dynasty Minerals Ltd. (NDM.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Metals & Mining. Price C$2.04, market value C$1.1 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Northern Dynasty Minerals Ltd. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / book: 102.0×**. The shares trade at 102.0× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -2.0%** (5-yr avg -9.1%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Return on equity: -588.7%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 68.7%**. Return on all capital, debt included, is 68.7%: comfortably above what that capital costs.
- **Return on assets: -86.3%**. Each dollar of assets produces -86.3% of profit.

## Growth
- **EPS growth (1 yr): -182.7%**. Earnings per share fell 182.7%.

## Financial health
- **Debt to equity: 0.18**. Debt is 0.18 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.5×**. It would take 0.5 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: -25.7×**. Operating profit covers interest only -25.7×: fragile.
- **Current ratio: 0.55** (quick 0.55). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 5.78**. A Z-score of 5.78 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend: none**. Northern Dynasty Minerals Ltd. does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 71.4%** (YTD -24.4%, 3-mo -23.3%). The shares are up 71.4% over twelve months including dividends.
- **From 52-week high: -51.3%** (85.5% above the low). Trading 51% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 37**. An RSI of 37 is neutral.
- **Beta (1 yr): 2.87** (volatility 101%). Beta of 2.87 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NDM.TO · Page: https://foliofundamentals.com/stocks/ndm.to

Not investment advice.